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Feb 25, 2010
02/10
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CNBC
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bernanke will avoid mngzing the timing of a rate hike. he told a house panel on wednesday that rates will continue to remain low for an extended period. this is coming at the same time that president obama will square off with lawmakers today in a last ditch effort to salvage his health care reform plan. republicans and democrats will meet at the blair house for a nationally televised health care summit beginning at 10:00 a.m. leaders will discuss four major themes, controlling costs, insurance reforms, cutting the deficit and sxabding health care coverage. treasury secretary timothy geithner meeting with financial industry groups today at 11:00 a.m. new york time and this comes as it's said the obama administration is close to saving a reform bill. reports say geithner met with bankers on wednesday night to discuss the matter. >> toyota closed down 0.2% after staying in positive territory. overnight, the company's president apologized to u.s. congress and millions of toyota drivers over its recent safety issues. and speaking to employees
bernanke will avoid mngzing the timing of a rate hike. he told a house panel on wednesday that rates will continue to remain low for an extended period. this is coming at the same time that president obama will square off with lawmakers today in a last ditch effort to salvage his health care reform plan. republicans and democrats will meet at the blair house for a nationally televised health care summit beginning at 10:00 a.m. leaders will discuss four major themes, controlling costs, insurance...
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Feb 25, 2010
02/10
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CNN
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ben bernanke back for round two, and stephanie elam back. another rally today? >> sorry, kyra, i don't think we will get a repeat one. >> that was a sarcastic, laugh. hell no, kyra. >> yeah, pretty much. we will not see the same picture. but bernanke will deliver the same testimony today but this time before the senate banking committee. yesterday, investors were happy to hear they were going to keep key interest rates for a while longer. they raised the discount rate on what they charge to banks, and if that happened it could slow the recovery and it's a precarious time for the economy. investors jumped up and cheered ben bernanke after he said he was staying the course. and then the debt problems in greece may be getting worse. as i was saying, we are looking for triple digit losses out the gate. and that's what we have. the dow off 137 points. and so no, as i was saying, no, not another rally, at least not to start. >> gosh, okay. shut me down. thank you, steph. definitive. there we go. let's move on. >>> hummer goes the way of pontiac, and stud baker. the de
ben bernanke back for round two, and stephanie elam back. another rally today? >> sorry, kyra, i don't think we will get a repeat one. >> that was a sarcastic, laugh. hell no, kyra. >> yeah, pretty much. we will not see the same picture. but bernanke will deliver the same testimony today but this time before the senate banking committee. yesterday, investors were happy to hear they were going to keep key interest rates for a while longer. they raised the discount rate on what...
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Feb 18, 2010
02/10
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CSPAN2
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, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular. health care costs, medicare again. we are providing medicare health care benefits for seniors. that is also hugely popular. you have these tea party people out there yelling don't let the government touch medicare. they are anti-government but they want medicare. medicare is a government program. these are success stories. our health care costs are out of line in such as security has not been rising in its share of the budget and it will in the near future is baby boomers are retiring and getting benefits. in fact it actually fell a few years
, i don't know why we reappointed bernanke. in terms of the entitlement programs, yeah we have a public pension program, which is hugely popular. you look at polling day that-- i was at a conference this morning in social security is over 90%. they ask people would you be willing to pay higher taxes to sustain sosa security benefits and 70 to 80% said yes. i don't see any problem with running a pension program through the public sector. what is the problem with the? it is usually popular....
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Feb 26, 2010
02/10
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CSPAN
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ben bernanke, by the esteemed mr. representative ron paul, who wants to audit the fed -- something you will be humanly go against, which we can understand. you are a bank. if you go into a bank and audit and find things that do not add up, you try to fix it. host: we got the point. ron paul, etc.. guest: i get these questions often. it is interesting, the misinformation that comes forward from this kind of a call. let me explain first of all -- representative paulñr has every right to his views. he calls it "the fed, but it is really and the fed -- he calls it autit the fed, but it is really end the fed. the fed is audited by the government accounting office, or the government accountability office. it is audited by a major auditing firm. it is audited by the treasury. our bank is examined by the board of governors. so there is an enormous amount of auditing that goes on within the federal reserve. exceptions are found, we are held accountable for that and we correct them. in terms of allegations against the chairman
ben bernanke, by the esteemed mr. representative ron paul, who wants to audit the fed -- something you will be humanly go against, which we can understand. you are a bank. if you go into a bank and audit and find things that do not add up, you try to fix it. host: we got the point. ron paul, etc.. guest: i get these questions often. it is interesting, the misinformation that comes forward from this kind of a call. let me explain first of all -- representative paulñr has every right to his...
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Feb 7, 2010
02/10
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CSPAN
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that as a new member, i sat as many of my colleagues did when we got a call from secretary paulson and bernanke in saying this guy was-- and we had to react in two days. so sometimes depending upon the issue of the reaction has to be different. babbitt you or do you not agree with the testimony of mr. scovell which are not just limited to rulemaking and now i have a minute and 47 seconds. >> in 15 seconds i get an a-plus on milestones for professionalism. training i get an incomplete and i get a b on fatigue. >> do you agree with his assessment? >> i agree with some of his assessments. >> look forward to your immediate reaction to them and i would say, i would rather see you come to us and be creative in think out of the box and maybe have to figure out how we can do things differently because i think the confidence of the american public is reducing every day that we delay, and i think there is room for us to think creatively and do it different and i look forward to helping you. >> thank you very much. i appreciate that. >> i thank the gentlelady and that recognize the gentleman from ohio, mr
that as a new member, i sat as many of my colleagues did when we got a call from secretary paulson and bernanke in saying this guy was-- and we had to react in two days. so sometimes depending upon the issue of the reaction has to be different. babbitt you or do you not agree with the testimony of mr. scovell which are not just limited to rulemaking and now i have a minute and 47 seconds. >> in 15 seconds i get an a-plus on milestones for professionalism. training i get an incomplete and...
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Feb 18, 2010
02/10
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CSPAN2
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sino ben bernanke and st. paul said are well known for this could you talk about that and any ideas on how that could be stopped through laws or voter action and? >> i am glad the reminded me. i see this happening. my friends do this to dress kind of like me when they work on capitol hill but two years later have a nice suits with french cuffs and offer to buy me lunch because they left their capitol hill job working for a congressman and a lobbying firm hired them because they know when somebody says the want to talk to you, the old boss colleague will take the call. that is the revolving door. barack obama reit literally said i will stop the revolving door. his white house chief of staff is from emmanuel it is almost up the right word because all he was werke ag bill clinton 1982 campaign he was getting paid by goldman sachs as a consultant at the same time for nondescript work. he may have been getting paid to work for bill clinton for all been no. then he leaves a couple years before clinton to work in a p
sino ben bernanke and st. paul said are well known for this could you talk about that and any ideas on how that could be stopped through laws or voter action and? >> i am glad the reminded me. i see this happening. my friends do this to dress kind of like me when they work on capitol hill but two years later have a nice suits with french cuffs and offer to buy me lunch because they left their capitol hill job working for a congressman and a lobbying firm hired them because they know when...
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Feb 24, 2010
02/10
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CSPAN
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ben bernanke, the chairman for the federal reserve goes to capitol hill this morning. lawmakers will question him on what he can or will the to ease the jobs crisis and make sure the economic crisis -- economic recovery lasts. you can hear the first hour on c-span radio. there is a new study showing hispanics at high-level staff positions in capitol hill are almost nonexistent. this is in spite of the fact that they make up nearly 1/6 of the u.s. population. a of a hundred senate chief of staff, only one is hispanic. there is no hispanic legislative directives -- directors and only one hispanic staff director. hispanics only hold 12 of the roughly for a 40 chief of staff jobs and only nine legislative director slots. -- 140 chief of staff jobs and only nine legislative director slots. some say that is an outrage. the european union wants to halt all executions by 2015 as a step towards abolishing the death penalty. the prime minister did not know how the eu would persuade countries like the united states, china, and i went to change their laws. he was to set up an inte
ben bernanke, the chairman for the federal reserve goes to capitol hill this morning. lawmakers will question him on what he can or will the to ease the jobs crisis and make sure the economic crisis -- economic recovery lasts. you can hear the first hour on c-span radio. there is a new study showing hispanics at high-level staff positions in capitol hill are almost nonexistent. this is in spite of the fact that they make up nearly 1/6 of the u.s. population. a of a hundred senate chief of...
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Feb 13, 2010
02/10
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CSPAN2
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extending -- bernanke jobs version when the president was asked about when he was here asked about mitch mcconnell talking about how they can support, republicans can support nuclear energy and the president's response was, i'm paraphrasing but of course they like those are republican ideas offering in the name of bipartisanship and what's going on here is the reverse, harry reid taking out the one democratic idea. >> do you think helping small businesses grow by allowing them to write off their expenditures is going to -- something that is a democratic idea? you think that the highway trust fund extension is a uniquely space space idea? if you were to break the components of that bill individually each of those would donner strong bipartisan support. so,, i think we are in some ways over reading some of this because again, i think personally i believe that the components of this bill, several components that were in the bipartisan bill but are not in the reid bill will still be bipartisan. i think -- i don't think any of the ideas the life list here today are uniquely space ideas that h
extending -- bernanke jobs version when the president was asked about when he was here asked about mitch mcconnell talking about how they can support, republicans can support nuclear energy and the president's response was, i'm paraphrasing but of course they like those are republican ideas offering in the name of bipartisanship and what's going on here is the reverse, harry reid taking out the one democratic idea. >> do you think helping small businesses grow by allowing them to write...
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Feb 4, 2010
02/10
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CSPAN
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bernanke does testify regularly on capitol hill explaining what he is doing, and why he is affecting monetary policy the way he is. some, like milton friedman, have suggested that we could replace federal reserve with a computer that could determine these interest-rate formulas. perhaps that would be better. federal reserve policy can be subject to certain criticism. i do not hoknow how we would do this. there is disagreement on the way they have handled the recession, and that is fair. host: another tweet -- guest: $3 trillion of the deficit? over the next 10 years, if we expended all the tax cuts, for everyone, that would be about $3 trillion. the deficit is much bigger than that. the base line is $11 trillion. if you got rid of all the tax cuts, we would still have and $8 trillion deficit over the next 10 years. president obama is not talking about doing that. only for those making more than $250,000 a year. that is only 1/5 of the tax cuts. if you want to get rid of "tax cuts for the rich" it is over $16 billion from a deficit of $11 trillion. for those who believe that is good p
bernanke does testify regularly on capitol hill explaining what he is doing, and why he is affecting monetary policy the way he is. some, like milton friedman, have suggested that we could replace federal reserve with a computer that could determine these interest-rate formulas. perhaps that would be better. federal reserve policy can be subject to certain criticism. i do not hoknow how we would do this. there is disagreement on the way they have handled the recession, and that is fair. host:...
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Feb 25, 2010
02/10
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CSPAN2
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eye 106
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federal reserve chairman ben bernanke told the senate banking committee today and his second day of testimony on capitol hill this week that interest rates will have to stay low for a lengthy period to counter a weak job market. the u.s. central bank chief prepared remarks were virtually identical to those delivered yesterday to the house financial services committee. and cheaper nike also told lawmakers that goldman sachs and other wall street firms may be looking into a sophisticated instrument investment instrument to make bets that greece will default on its debts. also about the healthcare summit which you can see live on c-span3 and c-span.org, a story from yahoo news saying that a consensus on how to rein in spiraling healthcare costs seem to be emerging as president obama some that the president agreed with assertions by oklahoma republican senator tom coburn that abuse them out account up to a third of the cost of a time of programs like medicare and medicaid. and is a major barrier to worldwide insurance coverage. senator coburn said that the cost is the chief reason millions of peo
federal reserve chairman ben bernanke told the senate banking committee today and his second day of testimony on capitol hill this week that interest rates will have to stay low for a lengthy period to counter a weak job market. the u.s. central bank chief prepared remarks were virtually identical to those delivered yesterday to the house financial services committee. and cheaper nike also told lawmakers that goldman sachs and other wall street firms may be looking into a sophisticated...
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Feb 17, 2010
02/10
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CSPAN
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eye 118
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we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15. then what we have on september 23, the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion. they have a 2 1/2-page bill. they don't know what they're going to do with the money. but if you don't give it to them, it's world is going to end. that makes you uncomfortable if you're deciding what to do with your investment. not only that, but the next day, the president of the united states comes on national television and says the following, speaking to the american people to get them calmed down a little bit. he said financial assets related to home mortgages have lost value during the housing decline and the banks holding these assets have restricted credit. as a result, our entire economy is in danger. so i propose that the federal government reduce the risk posed by these trouble assets and supply urgently needed money so banks and other financial institutio
we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15. then what we have on september 23, the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion. they have a 2 1/2-page bill. they don't know what they're going to do with the money. but if you don't give it to them, it's world is going to end. that makes you...
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Feb 17, 2010
02/10
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CSPAN
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eye 283
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now we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15, then what we have is on september 23 the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion, they've got a 2 1/2-page bill, they don't know what they're going to do with the money, but if you don't give it to them then the world is going to end. now that makes you a little currentble if you're deciding what you're going to do with your investments. not only that, but the next day the president of the united states comes on national television and says the following, speak to the american people, just to get them, you know, calm down a little bit, he says, financial assets related to home mortgages have lost value during the housing decline and the banks holding these assets are are restricted credit. as a result our entire economy is in danger. so i propose that the federal government reduce the risk posed by these troubled assets and supply urgently needed
now we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15, then what we have is on september 23 the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion, they've got a 2 1/2-page bill, they don't know what they're going to do with the money, but if you don't give it to them then the world is going to end. now that makes...
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119
Feb 17, 2010
02/10
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CSPAN2
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eye 119
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we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the money market funds saved. if we have 3.5 trillion fun missile by 30 million people who on is and they might are worrying about whether they can get their money that was half of all the process held by u.s. banks at the time you have a panic. you had commercial paper frees up entirely in the biggest companies of the united states and some are described in this book that worried whether they were going to meet their payroll and a short period of time to read the sixth largest bank in the country in terms of the domestic deposits, washington mutual failed over a weekend. y
we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the...
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792
Feb 25, 2010
02/10
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WRC
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. >>> well, fed chairman ben bernanke told congress wednesday that interest rates will remain low to support continued economic growth. >>> and the house is now set to vote on a jobs bill after the full senate passed the $15 billion measure on wednesday. >>> and just today after being released from a washington, d.c., hospital after suffering a heart attack, former vice president dick cheney is having coffee today with his former boss, president george w. bush. it is the first time the two have seen each other since they left office. >>> and a close call this week for an officer in michigan who was on the side of the road with a driver when another car came barreling towards him. he managed to jump to avoid being pinned, and amazingly, suffered only minor injuries. it is 7:15. let's head back now to matt, meredith, ann and al. >> all right, thanks, amy. >> seems like we've got just nasty weather across the whole continent. >> that's right. >> snowing and nasty in the northeast. >> but it just stopped here. >> and that's not the only place. we've got a storm system brewing right now,
. >>> well, fed chairman ben bernanke told congress wednesday that interest rates will remain low to support continued economic growth. >>> and the house is now set to vote on a jobs bill after the full senate passed the $15 billion measure on wednesday. >>> and just today after being released from a washington, d.c., hospital after suffering a heart attack, former vice president dick cheney is having coffee today with his former boss, president george w. bush. it is...